LP side letter - what should or shouldn't do?

An LP asked me for some 'perks' and I want to formalize it somehow.
What should and/or shouldn't I do with such a side letter?
Should I actually sign it?

1 See in Base

Join the Leaders of Venture 2.0

Our graduates are creating disruptive capital with exceptional expertise, ethical investing practices, and exceptional returns. Whether you're launching your first fund or scaling an established firm, VC Lab provides the tools, network, and support needed to succeed in today's venture landscape.

Apply Now